Wall Street brokerages expect that Heartland Financial USA, Inc. (NASDAQ:HTLF) will announce $116.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $120.69 million and the lowest estimate coming in at $113.81 million. Heartland Financial USA posted sales of $102.22 million in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The firm is scheduled to announce its next earnings report on Monday, October 30th.

On average, analysts expect that Heartland Financial USA will report full year sales of $116.83 million for the current financial year, with estimates ranging from $433.95 million to $449.43 million. For the next fiscal year, analysts expect that the firm will report sales of $491.75 million per share, with estimates ranging from $480.41 million to $498.51 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Heartland Financial USA.

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Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.08. Heartland Financial USA had a return on equity of 10.78% and a net margin of 17.96%. The company had revenue of $100.20 million during the quarter, compared to analyst estimates of $103.48 million. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis.

A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. DA Davidson downgraded shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Finally, FBR & Co reissued a “mkt perform” rating and issued a $52.00 price objective (up previously from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th.

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In other Heartland Financial USA news, Director R Michael Mccoy purchased 2,030 shares of Heartland Financial USA stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $44.67 per share, with a total value of $90,680.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn B. Fuller purchased 1,000 shares of Heartland Financial USA stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $44.60 per share, for a total transaction of $44,600.00. The disclosure for this purchase can be found here. Corporate insiders own 9.00% of the company’s stock.

Several institutional investors have recently modified their holdings of HTLF. Comerica Bank increased its position in shares of Heartland Financial USA by 12.8% in the fourth quarter. Comerica Bank now owns 6,726 shares of the bank’s stock worth $317,000 after buying an additional 763 shares during the last quarter. State Street Corp increased its position in shares of Heartland Financial USA by 10.3% in the fourth quarter. State Street Corp now owns 401,025 shares of the bank’s stock worth $19,248,000 after buying an additional 37,315 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Heartland Financial USA by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 51,274 shares of the bank’s stock worth $2,461,000 after buying an additional 2,725 shares during the last quarter. Bank of Montreal Can increased its position in shares of Heartland Financial USA by 5.9% in the first quarter. Bank of Montreal Can now owns 51,893 shares of the bank’s stock worth $2,591,000 after buying an additional 2,873 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in shares of Heartland Financial USA during the first quarter worth about $265,000. 40.22% of the stock is currently owned by institutional investors and hedge funds.

Heartland Financial USA (NASDAQ:HTLF) traded up 0.85% on Friday, reaching $47.50. The company had a trading volume of 107,188 shares. The stock’s 50-day moving average is $46.81 and its 200-day moving average is $47.74. The company has a market capitalization of $1.42 billion, a P/E ratio of 15.42 and a beta of 0.66. Heartland Financial USA has a 52 week low of $35.02 and a 52 week high of $52.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, August 9th. Heartland Financial USA’s payout ratio is presently 14.33%.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.